TSX runs higher on rate cut expectations
Investing.com-- Chinese artificial intelligence firm DeepSeek has claimed the top spot on the U.S. Apple Inc (NASDAQ:AAPL) App Store’s free app charts, overtaking OpenAI’s ChatGPT, the longstanding leader in generative AI applications.
DeepSeek’s app, powered by its cutting-edge R1 model, has rapidly gained popularity for its ability to generate human-like responses and perform complex tasks with unprecedented efficiency. The R1 model, is one of the most advanced AI systems globally, offering enhanced accuracy, faster response times, and improved multilingual support.
DeepSeek’s breakthrough has also triggered a reevaluation of the AI landscape. Analysts suggest its competitive pricing and robust performance could disrupt market dynamics, forcing incumbents to adapt.
DeepSeek officially launched its app on January 13, offering free access to advanced AI models.
Meanwhile, ChatGPT, a staple in the app charts since its debut, remains widely used but has been challenged by DeepSeek’s surge.
The new benchmark set by the Chinese AI at a fraction of cost is putting pressure on industry leaders like Meta Platforms Inc (NASDAQ:META), NVIDIA Corporation (NASDAQ:NVDA), Microsoft Corporation (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG), and other tech leaders.